Capitalism.The capitalist system is good in the creation of prosperity, but not particularly good in distributing that prosperity. 147 companies possess 40% of all prosperity. [1 It is estimated that 84% of that prosperity is used to create patterns that promote inequality.The top 10% of the population has an estimated 71% in their hands. [2short by the bend: the richest 1% holds a total of 50% of all prosperity, and the poorest 50% have a total of 1% of all prosperity.
This has been running since the years ‘ 70, and has mainly started under Reagan (USA) and Thatcher (UK).We are now at a point where Ceos ‘ 200x’s income is within the workforce of the employees who are in production. Deregulation of the financial system is responsible for this. The result is that politics has become subordinate to the big capital. Professor of political economics Mark Blythe explains it as if he has a sense of this kind of business. [3
It makes sense that rich people want to make themselves richer.With that money comes power and privilege. That power and privilege puts you in to lobby for laws that will make you even richer. The parties who call for deregulation to take place, like most members of the Liberarians, are the people who believe that it should be the same. That we must live as in nature, survival of the fittest, where the strongest animals have trillions in their account or so.
The growing inequality creates an angry population, e.g. The yellow blades, where populists can regain their benefits.Funny thing that by the way most populist are also liberarians… You would almost think that the problem with the foreigners filing corresponds to the deflecting of a valid protest vote. Climate denial and populism go very well together. I wonder why… (Not seriously tho, it seems pretty clear to me why)
America is a good example, where the less prosperous Republican promise is that this is a fair system and that anyone who works hard can get his Scrooge Duck money.But everyone can see that the rich only get richer and inequality grows.
Time for the revolution?Meh. Let’s start by keeping big money out of politics and perhaps trying out some less extreme capitalist ideologies like neoliberalism (you know, the idea that market operation is more democratic than the ballot box). We sometimes do good things for that matter, certainly compared to the US. I am not for radical change, but we must be mindful and tackle these issues.
In the meantime, not too much listening to people who feel that all members of society have to take on each other in ‘ N gigantic competition ‘.It Is madness to want to go against everyone, and to be in the buy. We can achieve much more if we work together, appoint the problems such as crooked prosperity distribution, and continue to put ourselves in place for legislation that will ensure that not only one small group of people gets everything in their hands.
Just because the distribution of the cake is not fair. Who can grab suits, and those are not the employees.The situation of the years 1960 and 1970 (quite a few workers organised in trade unions, scarcity in the labour market, a tax (and not just a monetary) policy because of the government) is now reversed: we have given the key of our economy to global Financial markets (mainly by reckless deriving), the government has largely declared incompetent at policy level (THERE were markets SO much better in Thatcher taught us), unions have had a lot of power, and there where the Unemployment does not run out of the holes everywhere, there are often part-time, temporary, low-skilled, poorly paid jobs. And the future perspective? Well.